TFC Homeloans launches QuickSearch

Tue 31 May 2016

Distributor TFC Homeloans has launched a specialist sourcing tool called QuickSearch powered by APAC Systems. Using the tool – which has been tested for a year – brokers can answer 20 questions about their client’s details and needs before comparing all specialist product types in one place including mortgages, second charge loans, bridging finance, commercial […]

Rental supply set to nosedive H2

Tue 31 May 2016

Rental supply will “nosedive” in the next six months, the Association of Residential Letting Agents’ managing director David Cox has predicted. ARLA research showed that rental properties managed per branch increased by 8% in April from the month before but stood 5% lower than April 2015 year-on-year. Cox said: “It’s likely that this increase in […]

Fleet releases HMO guide

Tue 31 May 2016

Fleet Mortgages has launched a guide on houses in multiple occupation (HMOs) for advisers and their clients. The guide defines what a HMO is, where a licence is required, the advantages of investing in such properties and how standard buy-to-lets can be converted into a HMO. It also specifies how Fleet underwrites HMO cases. Bob […]

Lenders expect limited company buy-to-let growth

Fri 27 May 2016

Lenders overwhelmingly expect growth in limited company buy-to-let in the next six months. The Vantage Point report from Vantage Finance found that nine in 10 (91%) lenders expected growth in limited company buy-to-let, followed by HMO and development finance (81%) and bridging (79%). Less than half (48%) expected to see an increase of buy-to-let finance, […]

Brilliant Solutions launches with Kensington

Wed 25 May 2016

Brilliant Solutions has added Kensington onto its lending panel for both the mortgage club and packaged business through the specialist mortgages team. Brilliant will offer all of Kensington’s core range of residential and buy-to-let products through both channels, in addition to a 90% LTV residential semi-exclusive. Rates on this 90% product start at 4.89% for […]

Paragon sees 12.5% rise in buy-to-let lending

Tue 24 May 2016

Paragon has posted a 12.5% increase in underlying profits which hit £71.9m over the past six months. New buy-to-let lending reached £823.6m compared to £446.2m at the half-year point in 2015. The lender said the significant increase reflects the strength of the group’s position in the buy-to-let market and the acceleration of landlord purchasing activity […]

Best rental yields in the North West

Tue 24 May 2016

Landlords found the best rental yields in the North West of England last year, the Your Move and Reeds Rains buy-to-let index covering England and Wales found. In the year to April landlords in the North West recorded yields of 6.8% (not accounting for voids and arrears) with Yorkshire,The Humber (6.5%), the East Midlands (5.9%) and the […]

One bed flats to offer best gains

Mon 23 May 2016

Landlords expect one bedroom flats to see greatest capital gains in the next 12 months, Amicus research has indicated. A quarter (25%) of UK landlords said one bedroom flats will offer the most attractive capital gains over the next year, closely followed by student accommodation in university towns and cities (24%). John Jenkins, chief executive […]

Newcastle becomes latest lender to up income ratio to 145%

Mon 23 May 2016

Newcastle Intermediaries has followed TMW and Foundation Home Loans in raising its buy-to-let income ratio from 125% to 145%. The society has also reduced the number of buy-to-let properties it will lend on from five to three. The change won’t affect applications submitted before 31 May. Steve Carruthers, Newcastle’s head of mortgage distribution, said: “As a […]

Openwork adds Fleet to panel

Mon 23 May 2016

Openwork has added Fleet Mortgages to its lender panel. The network’s advisers will gain access to Fleet’s range of buy-to-let mortgages for residential landlords, limited companies and HMOs. Paul Shearman, mortgage proposition director at Openwork, said: “The addition of Fleet Mortgages will give our advisers access to a lender with strong knowledge of the specialist […]